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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: KyrosL who wrote (93481)11/13/2007 12:21:44 PM
From: ChanceIs  Read Replies (2) of 206093
 
>>>view of gasoline taxes is the tax should be "whatever it takes" to reduce consumption substantially. Of course, it should be revenue neutral and returned to the taxpayers<<<

I don't understand why anyone would want a gasoline tax because: 1) taxes are intended to fund legitimate government activities, and 2) a tax places a dollar in the hands of the government. With respect to #1, we all agree that having a federal Department of Justice is a good idea and should be funded through taxes. On #2, most would agree that a dollar in the hands of the government will result in a waste of $0.50.

I was chatting with someone today about the Australian practice of Superannuation - their version of Social Security. The government basically has employers seize 9% of salary and put it in an account owned and controlled by the taxpayer - with certain strings about early withdraws, etc. The government can't take it or spend it.

So what is the relevance??? Instead of a tax, fund through seizure of monies at the pump, a sinking fund to provide for the future purchase of a modern lightweight vehicle. The big SUV owners would get their account built up faster because they buy more gasoline. After about three years, ban SUVs because they really do present a threat to econo squash boxes.

With the sinking fund, the understanding is that the government could never get its greedy wasteful paws upon the $$$$.

The sinking fund concept would have the same demand quashing effect as a tax. In addition it would direct the funds to a more beneficial end result.
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